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Chinese firms to buy 1.62M tonnes of palm oil

Chinese firms to buy 1.62M tonnes of palm oil

Three Chinese firms signed deals with four Malaysian companies to import 1.62M tonnes of palm oil products worth US$891M following the Malaysia-China Palm Oil Business Forum at the start of March, the Ministry of Primary Industries reported. Yantai Tianmao Edible Ltd Co and Sime Darby Plantation Berhad for the purchase of 100,000 tonnes of refined, bleached and deodorised (RBD) palm stearin.Yihai Kerry (Shanghai) International Trade Co Ltd and PGEO Marketing Sdn Bhd for the purchase of 1.3M tonnes of RBD palm olein.Yizheng Fangshun Industry Ltd Co and Cacao Paramount Sdn Bhd (a Teck Guan Group subsidiary) for the purchase of 120,000 tonnes of RBD palm stearin.

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